XML 38 R27.htm IDEA: XBRL DOCUMENT v3.10.0.1
Investment Securities (Tables)
9 Months Ended
Sep. 30, 2018
Investment Securities [Abstract]  
Schedule Of Investment Securities Classified As Available-for-sale And Held-to-maturity





 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Available-for-sale

 

September 30, 2018



 

 

 

Gross

 

Gross

 

 



 

Amortized

 

unrealized

 

unrealized

 

Fair



 

cost

 

gains

 

losses

 

value

U.S. Government agency securities

 

$               55,807 

 

$                      - 

 

$             (1,844)

 

$              53,963 

Asset-backed securities *

 

205,823 

 

577 

 

(172)

 

206,228 

Tax-exempt obligations of states and political subdivisions

 

8,145 

 

19 

 

(78)

 

8,086 

Taxable obligations of states and political subdivisions

 

60,688 

 

674 

 

(1,542)

 

59,820 

Residential mortgage-backed securities

 

392,722 

 

587 

 

(12,820)

 

380,489 

Collateralized mortgage obligation securities

 

274,481 

 

109 

 

(8,141)

 

266,449 

Commercial mortgage-backed securities

 

305,384 

 

461 

 

(6,463)

 

299,382 



 

$          1,303,050 

 

$               2,427 

 

$           (31,060)

 

$         1,274,417 







 

 

 

 

 

 

 

 



 

September 30, 2018



 

 

 

Gross

 

Gross

 

 



 

Amortized

 

unrealized

 

unrealized

 

Fair

* Asset-backed securities as shown above

 

cost

 

gains

 

losses

 

value

Federally insured student loan securities

 

$               74,989 

 

$                  325 

 

$                (171)

 

$              75,143 

Collateralized loan obligation securities

 

125,044 

 

231 

 

(1)

 

125,274 

Other

 

5,790 

 

21 

 

 -

 

5,811 



 

$             205,823 

 

$                  577 

 

$                (172)

 

$            206,228 







 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Held-to-maturity

 

September 30, 2018



 

 

 

Gross

 

Gross

 

 



 

Amortized

 

unrealized

 

unrealized

 

Fair



 

cost

 

gains

 

losses

 

value

Other debt securities - single issuers

 

$                 9,155 

 

$                      - 

 

$             (1,767)

 

$                7,388 

Other debt securities - pooled

 

75,278 

 

1,085 

 

 -

 

76,363 



 

$               84,433 

 

$               1,085 

 

$             (1,767)

 

$              83,751 







 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Available-for-sale

 

December 31, 2017



 

 

 

Gross

 

Gross

 

 



 

Amortized

 

unrealized

 

unrealized

 

Fair



 

cost

 

gains

 

losses

 

value

U.S. Government agency securities

 

$               50,107 

 

$                    21 

 

$                (226)

 

$              49,902 

Asset-backed securities *

 

269,164 

 

1,196 

 

(275)

 

270,085 

Tax-exempt obligations of states and political subdivisions

 

9,893 

 

131 

 

(36)

 

9,988 

Taxable obligations of states and political subdivisions

 

64,739 

 

1,377 

 

(255)

 

65,861 

Residential mortgage-backed securities

 

452,723 

 

727 

 

(4,598)

 

448,852 

Collateralized mortgage obligation securities

 

248,663 

 

148 

 

(2,318)

 

246,493 

Commercial mortgage-backed securities

 

204,469 

 

585 

 

(1,751)

 

203,303 



 

$          1,299,758 

 

$               4,185 

 

$             (9,459)

 

$         1,294,484 







 

 

 

 

 

 

 

 



 

December 31, 2017



 

 

 

Gross

 

Gross

 

 



 

Amortized

 

unrealized

 

unrealized

 

Fair

* Asset-backed securities as shown above

 

cost

 

gains

 

losses

 

value

Federally insured student loan securities

 

$               90,140 

 

$                  271 

 

$                (270)

 

$              90,141 

Collateralized loan obligation securities

 

170,825 

 

880 

 

(5)

 

171,700 

Other

 

8,199 

 

45 

 

 -

 

8,244 



 

$             269,164 

 

$               1,196 

 

$                (275)

 

$            270,085 







 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Held-to-maturity

 

December 31, 2017



 

 

 

Gross

 

Gross

 

 



 

Amortized

 

unrealized

 

unrealized

 

Fair



 

cost

 

gains

 

losses

 

value

Other debt securities - single issuers

 

$               11,031 

 

$                  105 

 

$             (2,516)

 

$                8,620 

Other debt securities - pooled

 

75,349 

 

1,376 

 

 -

 

76,725 



 

$               86,380 

 

$               1,481 

 

$             (2,516)

 

$              85,345 



Amortized Cost And Fair Value Of Investment Securities By Contractual Maturity



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

Available-for-sale

 

Held-to-maturity



 

Amortized

 

Fair

 

Amortized

 

Fair



 

cost

 

value

 

cost

 

value

Due before one year

 

$                 2,367 

 

$                2,360 

 

$                       - 

 

$                      - 

Due after one year through five years

 

54,439 

 

54,034 

 

 -

 

 -

Due after five years through ten years

 

277,018 

 

267,347 

 

 -

 

 -

Due after ten years

 

969,226 

 

950,676 

 

84,433 

 

83,751 



 

$          1,303,050 

 

$         1,274,417 

 

$              84,433 

 

$            83,751 



Available-for-sale And Held-to-maturity Securities, Continuous Unrealized Loss Position



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale

 

 

 

Less than 12 months

 

12 months or longer

 

Total



 

Number of securities

 

Fair Value

 

Unrealized losses

 

Fair Value

 

Unrealized losses

 

Fair Value

 

Unrealized losses

Description of Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government agency securities

 

12

 

$              40,756 

 

$              (1,271)

 

$              13,112 

 

$                 (573)

 

$                 53,868 

 

$             (1,844)

Asset-backed securities

 

8

 

16,476 

 

(8)

 

24,305 

 

(164)

 

40,781 

 

(172)

Tax-exempt obligations of states and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     political subdivisions

 

5

 

1,391 

 

(6)

 

3,597 

 

(72)

 

4,988 

 

(78)

Taxable obligations of states and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     political subdivisions

 

28

 

31,462 

 

(930)

 

12,671 

 

(612)

 

44,133 

 

(1,542)

Residential mortgage-backed securities

 

121

 

115,119 

 

(2,189)

 

218,233 

 

(10,631)

 

333,352 

 

(12,820)

Collateralized mortgage obligation securities

 

47

 

144,686 

 

(4,199)

 

89,045 

 

(3,942)

 

233,731 

 

(8,141)

Commercial mortgage-backed securities

 

26

 

190,644 

 

(5,460)

 

31,634 

 

(1,003)

 

222,278 

 

(6,463)

Total temporarily impaired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     investment securities

 

247

 

$            540,534 

 

$            (14,063)

 

$            392,597 

 

$            (16,997)

 

$               933,131 

 

$           (31,060)







 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Held-to-maturity

 

 

 

Less than 12 months

 

12 months or longer

 

Total



 

Number of securities

 

Fair Value

 

Unrealized losses

 

Fair Value

 

Unrealized losses

 

Fair Value

 

Unrealized losses

Description of Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate and other debt securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Single issuers

 

1

 

$                      - 

 

$                      - 

 

$                7,388 

 

$             (1,767)

 

$                  7,388 

 

$             (1,767)

Total temporarily impaired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     investment securities

 

1

 

$                      - 

 

$                      - 

 

$                7,388 

 

$             (1,767)

 

$                  7,388 

 

$             (1,767)



The table below indicates the length of time individual securities had been in a continuous unrealized loss position at December 31, 2017 (dollars in thousands):







 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale

 

 

 

Less than 12 months

 

12 months or longer

 

Total



 

Number of securities

 

Fair Value

 

Unrealized losses

 

Fair Value

 

Unrealized losses

 

Fair Value

 

Unrealized losses

Description of Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government agency securities

 

9

 

$              44,808 

 

$                 (226)

 

$                      - 

 

$                       - 

 

$                 44,808 

 

$                (226)

Asset-backed securities

 

8

 

11,264 

 

(6)

 

37,894 

 

(269)

 

49,158 

 

(275)

Tax-exempt obligations of states and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     political subdivisions

 

5

 

3,982 

 

(19)

 

1,143 

 

(17)

 

5,125 

 

(36)

Taxable obligations of states and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     political subdivisions

 

15

 

22,231 

 

(181)

 

2,853 

 

(74)

 

25,084 

 

(255)

Residential mortgage-backed securities

 

116

 

249,572 

 

(1,771)

 

125,096 

 

(2,827)

 

374,668 

 

(4,598)

Collateralized mortgage obligation securities

 

41

 

148,655 

 

(921)

 

63,274 

 

(1,397)

 

211,929 

 

(2,318)

Commercial mortgage-backed securities

 

16

 

150,530 

 

(1,681)

 

3,299 

 

(70)

 

153,829 

 

(1,751)

Total temporarily impaired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     investment securities

 

210

 

$            631,042 

 

$              (4,805)

 

$          233,559 

 

$              (4,654)

 

$               864,601 

 

$             (9,459)







 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Held-to-maturity

 

 

 

Less than 12 months

 

12 months or longer

 

Total



 

Number of securities

 

Fair Value

 

Unrealized losses

 

Fair Value

 

Unrealized losses

 

Fair Value

 

Unrealized losses

Description of Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate and other debt securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Single issuers

 

1

 

$                      - 

 

$                      - 

 

$                6,600 

 

$             (2,516)

 

$                  6,600 

 

$             (2,516)

Total temporarily impaired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     investment securities

 

1

 

$                      - 

 

$                      - 

 

$                6,600 

 

$             (2,516)

 

$                  6,600 

 

$             (2,516)



Schedule Of Additional Information Related To Single Issuer And Pooled Trust Preferred Securities



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Single issuer

 

Book value

 

Fair value

 

Unrealized gain/(loss)

 

Credit rating

Security A

 

9,155 

 

7,388 

 

(1,767)

 

Not rated